[2017-07-18]Bitcoin, Ethereum Bounce Back Hard To Reach $2,400 and $240

[peter0425]

Bitcoin, Ethereum Bounce Back Hard To Reach $2,400 and $240

Bitcoin has rebound to $2,400 and Ethereum is up 25 percent in a day as optimism returns to cryptocurrency markets in a big way.

The shift into the green coincides with reaching the required consensus for BIP 91 to lock in for Bitcoin. This paves the way for SegWit activation without the need for a hard fork.

Meanwhile, Ethereum has recovered spectacularly from last week’s seismic losses, currently trading at an average of $242 according to Coinmarketcap.

https://cointelegraph.com/news/bitcoin-ethereum-bounce-back-hard-to-reach-2400-and-240

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[RomanJDS]

No one was interested in a hard fork. It was bluff

[just_Alice]

It was a good news, but right now we are below $2,300 unfortunately.

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

[richardsNY]

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

Problem here is that people are infecting each other with non/false information. It has gone so far, that people let their pee go as soon as they think about everything that may or may not happen at the first of August. Let them sell as much as they want, because one thing is sure, they WILL buy back at far higher levels. They start with 1 BTC for example, and due to the selling at lower levels, and buying back at higher levels, they end up with 0.5 BTC. It's capital destruction, but they don't realize it yet.... Smart people get wealthier and wealthier, while idiots only see their wealth constantly shrink.

[Fredomago]

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

Problem here is that people are infecting each other with non/false information. It has gone so far, that people let their pee go as soon as they think about everything that may or may not happen at the first of August. Let them sell as much as they want, because one thing is sure, they WILL buy back at far higher levels. They start with 1 BTC for example, and due to the selling at lower levels, and buying back at higher levels, they end up with 0.5 BTC. It's capital destruction, but they don't realize it yet.... Smart people get wealthier and wealthier, while idiots only see their wealth constantly shrink.

good point if those dumpers only realized it much earlier i think the value won't go down up to this limits they been tricked by the bag holders which
just shaking the market and make many fuds to scares investors perhaps we just needed to act wisely before making any decision watching the dump
with an open mind knowing that bounce back will happen next will let us safe in any harm of the whales.

[Baofeng]

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

Problem here is that people are infecting each other with non/false information. It has gone so far, that people let their pee go as soon as they think about everything that may or may not happen at the first of August. Let them sell as much as they want, because one thing is sure, they WILL buy back at far higher levels. They start with 1 BTC for example, and due to the selling at lower levels, and buying back at higher levels, they end up with 0.5 BTC. It's capital destruction, but they don't realize it yet.... Smart people get wealthier and wealthier, while idiots only see their wealth constantly shrink.

good point if those dumpers only realized it much earlier i think the value won't go down up to this limits they been tricked by the bag holders which
just shaking the market and make many fuds to scares investors perhaps we just needed to act wisely before making any decision watching the dump
with an open mind knowing that bounce back will happen next will let us safe in any harm of the whales.

Exactly and the most that have done that is those people that just went to bitcoin trading and think that they will gain a huge profit easily. Later realizing that it was not meant to be so they can choose to sell it without thinking that they are in the losing end of it. That's why we always heard that the 'weak hands are shaken' adage. Speculation FUD waves and the market reacts. Simply as that.

[CryptoBry]

Well, this is quite expected. The depressing trend was due to that fear of the possible split and since it is almost gone (hopefully nothing untoward incident can crop up) then the value is now back on going up again. This is still normal for Bitcoin, anyway.

After August 1 when things will finally get clear as to the scaling solution, we are expecting a roaring Bitcoin so for people who still have funds out there getting into Bitcoin is here. Bitcoin can possibly reach $3,000 even before the end of the year.

[SvenBomvolen]

It was a good news, but right now we are below $2,300 unfortunately.

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

I don't know where suggestions about bitcoin's death after the 1st of August come from. I have heard that in the future we will see only the growth. I'm sure that speculates are celebrating now, cause of with negative information which provoked the panic they could buy cheap coins. I have heard that even Wall Street is promising a big price for bitcoin (55000$) just in five years. Wall Street is respected place and I'm used to believe to their prognozes.

[fisheater]

Good news, possibly August 1 will be smoother and no hardfork will be seen. Hopefully, we'll see.

[just_Alice]

It was a good news, but right now we are below $2,300 unfortunately.

Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

I don't know where suggestions about bitcoin's death after the 1st of August come from. I have heard that in the future we will see only the growth. I'm sure that speculates are celebrating now, cause of with negative information which provoked the panic they could buy cheap coins. I have heard that even Wall Street is promising a big price for bitcoin (55000$) just in five years. Wall Street is respected place and I'm used to believe to their prognozes.

I agree with you because I try to listen to people who know better too. I've never heard about $55,000 for 1 BTC possibility in five years, but I believe the prediction makes sense.

[nunchuck master]

i think it s safe to say that eth volatility up to 15% a day is normal. Although it might not look promising for newcomers and scare them off